Bridging Loan Hub secures partnership with Brightstar

Wed 19 Jul 2017

Bridging Loan Hub has secured a partnership with Brightstar Financial. The new bridging introducer is based in London and will act as an introducer for bridging, development and auction finance in the UK. The online business allows customers to request a quote through the online form and be reviewed immediately at Brightstar Financial. Daniel Tennenbaum, […]

InterBay launches bridging finance proposition

Tue 18 Jul 2017

InterBay Commercial will now provide residential and commercial bridging finance for property investors in a move that simplifies its product proposition. Rates start from 0.44% and are initially available through a selected broker panel and will incorporate its existing range of short-term lending options. Darrell Walker, head of sales at InterBay Commercial, said: “We’re delighted […]

BrightOffice joins the ASTL

Tue 18 Jul 2017

BrightOffice has joined the Association of Short Term Lenders. The software as a service company provides a range of cloud-based software solutions to its clients. BrightOffice work closely with commercial brokers and other industry influencers with its broker lender CRM solution which has full audit and wrap-around CRM capacity can be accessed remotely. Benson Hersch, […]

Green energy businesses looking to alternative finance

Thu 13 Jul 2017

Green energy businesses are crying out for investment and are looking to the alternative finance sector to provide it, F&P Sponsors has suggested. The P2P lending specialist reported ‘significant interest’ at the Anaerobic Digestion & Biogas Exhibition held at the NEC in Birmingham recently. This comes as the company recently secured funding for BioDynamic UK, […]

BFS appoints head of sales

Thu 13 Jul 2017

Bridging Finance Solutions (BFS) has appointed John Hardman (pictured) as head of sales. Hardman has previously held roles with RBS, Santander and Aldermore Bank in senior bridging finance sales and business development roles. He said: “I have known BFS throughout my many years working in the banking and property finance sectors. “The company’s passion for […]

AOBP adds three to executive committee

Thu 13 Jul 2017

The Association of Bridging Professionals has appointed three members to its executive committee in Phil Gray of Watts Commercial Finance, Chris Treadwell of Enness Private Clients and Ben Lloyd of Pure Commercial Finance. Phil Gray, managing director at Watts Commercial Finance said: “I am delighted and honoured to have been asked to join the AOBP […]

Century Capital carries out successful completions

Wed 12 Jul 2017

Century Capital has released details on a number of completions it has made over the last few months. They include a deal to unlock equity from a £3m prime Fulham property was completed in five days after Century agreed the deal on a 12 month term on a first charge basis and LTV of 66%. […]

Octopus Property provides £15m facility

Tue 11 Jul 2017

Octopus Property has provided a £15.1m senior debt facility to Bellis Homes. The facility was for the development of 19 one, two and three bed residential units and 11,000 sq ft of retail space in Chalk Farm, North London. The existing site comprises the former “Marine Ices” property, and the new development seeks to maintain […]

Optimum Credit securitisation significant for second charge market

Mon 10 Jul 2017

The recent announcement by Optimum Credit of a successful securitisation demonstrates the growing importance of the second charge market, Tim Wheeldon (pictured), chief operating officer at Fluent Money has said. A successful securitisation sends a signal that the capital markets are now open for business to the second charge sector. Tim Wheeldon said: “Securitisation activity […]

Second charge new business continues to grow

Fri 7 Jul 2017

Second charge mortgage new business grew 26% by value and 29% by volume suggest the latest figures by the Finance and Leasing Association (FLA). Consumer finance new business also saw a year-on-year increase of 8% in May. Harry Landy, managing director at Enterprise Finance, said: “Despite the ongoing political and economic uncertainty it’s encouraging to […]